Investing in property in East London in 2016
East London has been rising from the ashes for well over a decade. New developments and intensive regeneration have injected youth and vitality into previously run down areas. Shoreditch and Dalston have long been popular among creatives and professionals, thanks to vibrant creative and entertainment hubs, as well as excellent transport links to the City. So, where to next in East London?
Where to invest in property in East London, 2016
The City, Shoreditch, Wapping, Walthamstow and beyond
Mark Bennett, Senior Negotiator at Knight Frank’s Wapping office still hedges his bets on East London’s trophy areas,“The City and fringe areas are currently being seen as a hot spot for investors and home owners alike, this is reflected in the annual price growth of 5.9%.
“It is easy to see why people are lining up to buy a City property, as the area is rich in different styles of architecture, from the trendy period properties found in Shoreditch, to all the sparkling new buildings taking shape in the sky line. The introduction of Crossrail will further enhance the area as it links the City and Financial district to Heathrow Airport”.
Thom Atkins, Lettings Manager at Knight Frank's new Aldgate office agrees, “As the substantial impact of the Olympics and the resulting gentrification takes hold of London’s East End it is hard to look past this ever-changing location as a buzz point for investors in 2016.
"Whilst London’s burgeoning arts and media scenes have long been synonymous with the East, what is interesting from an investment prospective is the new found desirability of East London as the home of London’s professional masses. With the area undergoing huge levels of redevelopment by some of the UK’s biggest developers, the outer limits of the City and the surrounding areas are beginning to blend into one."
View a selection of properties for sale in East London
"Taking advantage of their geographical position in relation to London’s beating financial and business districts, means that a steady stream of potential tenants are never far from the scene and as these areas become increasingly oversubscribed, the postcodes surrounding the City offer both great value for money and strong potential growth over the coming years.
"Locations of particular interest include Whitechapel (home of London’s billion pound investment, Crossrail), Homerton, Haggeston and Clapton; all locations that are within easy commuting distance of Liverpool Street and offer great social and work options. For those in the know, the outlying borough of Waltham Forest and, in particular Walthamstow Village, look a good bet for some healthy growth in 2016.
“As London’s East continues to grow, the overwhelming feeling of positivity and the near completion of Crossrail is looking to drive growth in the East and City for a few years to come.”
For tailored property investment advice speak to one of our experienced property agents or search for property for sale in East London.
View where to invest in properties in other London areas in 2016